SUBORDINATION OF MORTGAGE

 

            KNOW ALL MEN BY THESE PRESENTS that ________________ on the ____ of _________ 2005, for valuable consideration to it in hand paid, the receipt whereof is hereby acknowledged, hereby agrees that the mortgage heretofore given to it by ____________________________________, dated ______________ and duly recorded on ________________ in ______________ County, Pennsylvania, in Mortgage Book Volume ___________, Page ______, as it pertains to the certain property commonly known as _____________________________________________, therein more particularly described, which said mortgage constitutes a lien upon said premises shall be subordinate in lien, priority and distribution to a certain mortgage upon said premises dated _________, 200__, in the amount of $____________ given by ________________________________, to _________________________, and that the ________, 200__ mortgage of the undersigned shall as to __________________________________, be a second mortgage.

 

ATTEST:

 

___________________________                                  

                                                           

COMMONWEALTH OF PENNSYLVANIA                      :

COUNTY OF ____________                                                         ss

                                                                                                :

            On this, the ____th day of __________, 2005, before me a notary public, the undersigned officer personally appeared __________________________ and acknowledged himself to be a ___________________________________, a corporation, and that he as such _________________, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by himself as ______________________.

 

            In witness whereof, I hereunto set my hand and official seal.

 

 

                                                                                    ____________________________

                                                                                    (seal)

                                                                                    Notary Public